Bond Analyst, Surety – Richmond, Virginia

Job Description

The Bond Analyst, Surety is responsible for creating and maintaining relationships with all surety clients and underwriters, servicing and invoicing their contract and miscellaneous needs, and obtaining current financial and other pertinent information for the surety company. Also, is responsible for executing bid, performance, payments and other bonds in a timely manner which is consistent with state and federal laws, company policies and procedures.

Position Summary:– Develops complete client information and applications for new and renewal business under the direction of the Producer, Senior Account Executive, or Account Executive. Identifies and requests renewal exposures. Guides clients through the renewal process, in conjunction with the Producer, Senior Account Executive, or Account Executive, and submits requests to carriers according to the renewal process timetable, follows up with carrier underwriters and completes the appropriate renewal per Agency procedures. Reviews experience modifiers.– Processes and executes all bid, performance, payment, licensing and miscellaneous bonds. Ensures that these items are given to client in a timely manner. Initiates appropriate correspondence with carriers and clients. Responds to requests from clients and surety companies.– Maintains files with proper records according to company procedures. Maintains good internal file audit results.– Assists in the development of strong business relationships with appropriate insurance carrier personnel. Recognizes and satisfies carrier goals and objectives in order to enhance business relationships.– Ensures accuracy of account information for both new and renewal bonds and changes, and enters these transactions to generate billing invoices in a timely manner.